2024

Bitcoin

Stats

Spot

<p>A Bitcoin whale has transferred a substantial amount of *BTC* to Binance, a leading cryptocurrency exchange, following a dramatic price drop in the market. The whale has moved 3,500 BTC, valued at $206 million, at an average price of $58,891 per BTC. Following this, the whale’s current holding stands at 4,368 BTC, valued at $256 million.</p> 
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   <p lang="en" dir="ltr">This whale further moved 1,700 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> ($99.9M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> 20 minutes ago.<br><br>After the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> price plummeted today, the whale has moved 3,500 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#BTC</a> ($206M) to Binance at an average price of $58,891.<br><br>Current holding: 4,368 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> ($256M).<br><br>Follow <a href="https://twitter.com/spotonchain?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@spotonchain</a> for more updates now! <a href="https://t.co/EVCBaq15Ne" target="_blank">https://t.co/EVCBaq15Ne</a> <a href="https://t.co/E29KheknHY" target="_blank">pic.twitter.com/E29KheknHY</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1808765032156836126?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2024</a>
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<p>Earlier today, the whale moved an additional 1,700 BTC, valued at approximately $99.9 million, to Binance. This transfer occurred just 20 minutes before the latest transfer, further escalating the total BTC moved to 3,500 BTC.</p> 
<h2 class="wp-block-heading" id="bitcoin-s-market-review-overview">Bitcoin’s Market Review Overview</h2> 
<p><a href="https://app.intotheblock.com/coin/BTC" target="_blank" rel="noopener">Stats from IntoTheBlock</a> show that Bitcoin was priced at $57,656.34 as of press time, marking a 5.15% decrease over the past 24 hours, with a market capitalization of $1.2 trillion. This significant price drop has led to varied reactions within the market.</p> 
<p>Holders making money at the current price stand at 76%, with 8% at the cash and 16% out of the money. The concentration by large holders is at 12%. Over the past seven days, transactions greater than $100K have amounted to $78.48 billion. Total exchange inflows for the same period are $7.29 billion, while outflows are $6.02 billion. The price correlation with Bitcoin remains perfect at 1. The composition of holders by time held shows that 70% have held for over a year, 25% between 1-12 months, and 5% under a month.</p> 
<p>The overall market sentiment is mainly neutral, with two bearish, three neutral, and two bullish signals. Onchain signals reveal a neutral net network growth of 0.17%, a bearish “In the Money” metric at -0.28%, a neutral concentration at 0.01%, and neutral large transactions at -0.18%. Exchange signals indicate a bullish brilliant price at 0.01% and a bid-ask volume imbalance at 14.03%. In derivatives, the futures market momentum is bearish at -1.</p> 
<p>The whale’s decision to move a significant portion of their <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin</a> holdings to Binance amid a market downturn could indicate anticipation of further price declines or a strategic move to liquidate or reposition assets. The current market signals show a mixed sentiment, with a slight lean towards neutrality but with critical bearish indicators, particularly in the on-chain and futures market momentum.</p>

Bitcoin Whale Moves $206M to Binance Amid Market Downturn

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